ESG / Sustainability

Taiwan Loosens Bond Issuance Rules for Foreign Banks

11/04/2023

The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.

Enforcement

Korea Arrests More Coinone Employees Over Bribery Allegations

11/04/2023

The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.

Capital / Liquidity

Hong Kong to Introduce Risk-based Capital Regime for Insurers

11/04/2023

An amendment bill was gazetted that will make capital requirements for insurance companies more sensitive to their asset and liability matching, risk profile and mix of products.

Enforcement

US State Regulators Fine Robinhood for Causing Investor Harm

11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.

AML / KYC

UK FCA Outlines Next One Year of Work to Improve Markets

11/04/2023

The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.

Crypto / Digital Assets

OKX’s Ben Bowden Discusses Regulatory Response to FTX Fallout

10/04/2023

Ben Bowden, Global Head of Compliance at OKX, discusses the fallout from FTX, crypto regulatory approaches, and the role of proof of reserves.

ESG / Sustainability

Korea Establishes ‘Capital Market ESG Supervision Task Force’

10/04/2023

The task force will develop ESG fund disclosure standards to address information asymmetry, prevent greenwashing and promote responsible management.

Fintech / Regtech

Taiwan Internet-only Insurance Applicants Fail to Win Approval

10/04/2023

Formosa Property Insurance was rejected in December. CTBC Insurance was not sufficiently innovative or differentiated from other existing products.

Crypto / Digital Assets

Cake Defi’s Henry Loh Discusses Credit Risk & Trust in Crypto

10/04/2023

Cake DeFi’s Henry Loh discusses the importance of credit risk management and clearer regulatory guidance to promote trust in the crypto sector.